[Autom. eng. transl.] The issue of the efficiency of financial intermediaries has been the subject of particular interest in the last decade, especially after the outbreak of the global financial crisis, which has heavily affected the operations of these subjects. In a previous issue of the Monetary Observatory we have already dealt with this topic by evaluating the efficiency of asset management companies in light of both the effects of the crisis on the asset management industry and the evolution followed by the financial markets - with the related implications on the organizational structure of these intermediaries. The subject of this work is the analysis of the efficiency of intermediaries subjected to direct supervision by the European Central Bank. The objective of the work is twofold. Not only measure the degree of (in) efficiency of these subjects; but also to identify the factors that influenced the degree of (in) efficiency. In the work a survey will be carried out which will take into consideration the supervised entities and which will be articulated using a parametric approach (called Stochastic Frontier Analysis, SFA).
|Translated title of the contribution||[Autom. eng. transl.] The efficiency of intermediaries subject to European supervision: an assessment.|
|Number of pages||11|
|Publication status||Published - 2016|
- Efficienza, gruppi bancari, single supervisory mechanism
- x-efficiency, banking groups, single supervisory mechanism